Analyst Price Target Update on Helix Energy Solutions Group (NYSE:HLX)

Helix Energy Solutions Group (NYSE:HLX): 6 analysts have set the short term price target of Helix Energy Solutions Group (NYSE:HLX) at $9.83. The standard deviation of short term price target has been estimated at $3.88, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 16 and $5 respectively.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Morgan Stanley maintains its ratings on Helix Energy Solutions Group (NYSE:HLX). In the latest research report, Morgan Stanley raises the target price from $11 per share to $14.5 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on April 19, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Helix Energy Solutions Group Inc, Lovoi John had sold 30,000 shares worth of $180,300 in a transaction dated September 21, 2015. In this transaction, 30,000 shares were sold at $6.01 per share.

Helix Energy Solutions Group (NYSE:HLX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.12 points or 1.57% at $7.53 with 1,386,811 shares getting traded. Post opening the session at $7.41, the shares hit an intraday low of $7.37 and an intraday high of $7.72 and the price was in this range throughout the day. The company has a market cap of $810 million and the number of outstanding shares have been calculated to be 107,530,947 shares. The 52-week high of Helix Energy Solutions Group (NYSE:HLX) is $15.46 and the 52-week low is $2.6.

Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention, Robotics, Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000, the Helix 534, the Seawell, the Well Enhancer and the Skandi Constructor, which is a chartered vessel. The Robotics segment operates four chartered vessels, and also includes ROVs, trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Companys Production Facilities segment, which include the Helix Producer I (HP I), which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.

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